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, requires some reforms to be strengthened. we are in big disagreement as to how to do it. >> that is an understatement. democrat favor tax hike within social security and medicare as well as increasing income taxes. budget committee chairman paul ryan argues part of the problem in medicare is the new healthcare law. which claims savings will materialize, and the chief actuary of medicare has the same concerns. >> there is a lot of evidence to suggest some of the payment provisions will not be sustainablsustainable in the lo. >> it pays providers including doctors lower and lower rates. foster says over time it will leave 40% of all providers in the red raising questions about whether they'll treat medicare patients. >> if at some point our payment rate to providers become less or significantly less to the cost of providing services, they either will be unwilling, or unable to continue providing services. >> last year, 51% of medicare's cost was taken out of the general revenue; meaning, half the cost of medicare was paid by borrowing money. which is why it's part of the d
'm a big netflix user, by the way. i get the discs sent to my house. they're going global in a big way. they've come a long way from the days they mail out the dvds. >> even though they're not in hong kong. but they're making a big move to latin america. they will expand to 43 companies in south america. they made the first international move to canada. late last year you can see it clearly wants to be a global company, but it's going to be pricey. the company said it would lose up to $70 million in the second half of this year from overseas operation. but investors in the states are cheering the move. the news sent netflix shares soaring 8% on tuesday. ali? >> kristie, how do you do it? are you further ahead in congress how long? is there similar service? >> itunes. it's all about itunes. >> very good. stick around for this story. quite frankly, i don't want to be alone in this piece of knowledge. some farmers in the uk were looking for extra ways to save money. the answer was on the farm in big piles. they're turning livestock waste into energy. the pigs were wallowing in gold. the t
ever gets to the point where he's really going to cut the big three. i do give the president a great deal of credit for fighting the republicans like this and standing up to them. they're a reckless party and they don't care if they have another financial meltdown in this country. this is one of the most un-american things i think i have ever seen play out by a political party. president obama is putting politics aside. it's time for the republicans to do the same. i mean, when the president says this may sink my presidency, he's willing to have that happen as long as it saves the country financially. for once, for sure, we can turn to washington and see that there is someone and it happens to be president obama who's willing to put country first at the stake of -- at the sake of possibly losing his base in a very important election cycle and it may, of course, jeopardize his re-election. he's got 77 people in the house who signed on a resolution saying no cuts to the big three and willing to go to war with them as well to save the economy. where are the republicans? for the latest o
not be willing or able to, seemingly, take on big tasks. >> that happened all this week. kristin is live at the white house. a lot of talk. we're one day closer to that deadline. what can we expect to hear from the president in the next hour? >> hi there, richard. we expect the president to continue to push to get a big deal. what's a big deal? about $4 trillion in deaf sigz reductions over the next decade. at the end of last week, it looked like he and speaker boehner were moving towards the same page in terms of trying to get a big deal. that fell apart over the weekend. so we expect the president to resume calls for a big deal to say now is the time to seize the moment. there will be political pain on both sides. what he means by that is the democrats will have to come to the table over entitlements, making small changes to things like social security and medicare and the republicans will need to come to the table in terms of rolling back tax break for wealthy corporations and americans. as you said, richard, he's going to hammer this point that they will continue to work until they g
today? >> this wouldn't be the big deal if this is the only day, but this is day after day the spring into the summer. then let's pile on a top of humidity. that gets to the people and aggravates everyone. this is where the center of the heat is. right over the top of the eastern half of the country with the exception not being up in the great lakes. this is already the heat index. what time is it? it's 10:00. we are at 105 already in louisville. areas of memphis, nashville and st. louis are right behind. the worst has been centered over the ohio river valley and southern indiana. later today, this is my forecast heat index. this is how hot i'm predicting it's going to get. the worst is up here with the dew points at the highest. we are thinking 110 in louisville, 110 in nashville. i've got my money on 115 in memphis as the hottest heat index in the country. it goes from oklahoma city to the east coast. this is one of the first humid days we had from new york to deep, deep baltimore, raleigh. you go down the coast with no exceptions. this is historic in oklahoma city. we now had 13 da
guys to protect the fat guys and corporate jets and big super rich. you're expendable now, crack thinkers. don't you understand? they play you against the poor and you're skpentable now. let those guys handle it. they got to protect the big guys. >> now know, that is coming from john mccain whose campaign might be compared to custard, except custer's came out better than mccain's did. in 2012 a conservative will be elected so i think that will speak for itself. his his brand was she lacks in 2007 within 2008. mine won the house of representative by record numbers in 2010. >> yeah, but now your brand of conservative is told, get your butts in line. don't get too big for yourself. because you've done your job. you're saving the corporate jet guys. you're closing in making sure to protect the loops holes. now just shut up and let us handle it, we've got movies it watch. thank you judson phillips. thank you for being here with me. >> thank you for having me. >> hosts of the bill press show on sirius radio, gentlemen, it is quite interesting, looks like mr. boehner is trying to get a
casey anthony, big day. she's getting out of jail on sunday. will you be doing some commentary this weekend? or are you taking this weekend off? >> i may very well, but certainly i'll be talking about it on monday morning. >> have a good weekend, whatever you might end up doing. good to see you as always. thank you so much for being here with me in the cnn news room. i of course will be with you tomorrow and sunday. >>> the president said he's willing to think small if he has to in order to break the stalemate over raising the debt limit. also new apologies from media mogul rupert murdoch. he met with the family of a murdered teenager whose phone was hacked by his now defunct tabloid. there are fast-moving developments in this scandal. it's ungulfing his entire news empire. and as casey anthony prepares to get out of jail on sunday, will she shun the media spotlight or will she try to capitalize on her supposed fame? i'm wolf blitzer. you're in "the situation room." >> president obama back at the bully pulpit for the second time this week to make sure ameripay bill. he went bef
'm thomas roberts. rupert murdoch will testify at parliament tomorrow, this is the big headline, all over the phone hacking scandal that's rocking his media scandal. meanwhile there was a new arrest of a top exec over the weekend, and now the head of scotland yard and his assistant are resigning. if you're keeping score so far, there have been three high-profile resignations, ten arrests and it is not over yet. jim maceda is live in london to bring us up to speed on this. jim, good morning. >> reporter: hi there, thomas. make that four high profile resignations. just a couple of hours ago scotland yard's number two, john yates, also resigned under increasing, extraordinary, really, pressure. that on the heels on his boss's resignation last night. commissioner paul stevenson, he was the head of scotland yard. he, if you will, fell on his sword and said that he could not in good conscience continue with all the challenges to keep the peace in great britain as he and specifically his relationship with the murdock media empire became such a focus of attention. he was calling it a major distra
>>> good thursday, everybody. i'm contessa brewer covering the big news coast to coast. we begin with breaking news out of texas, where authorities have arrested an army private assigned to fort campbell, kentucky. officials found bomb-making materials in his hotel room. that arrest came after someone reportedly overheard the private threatening to stage an attack on the army post at fort hood. fort hood was the scene of a deadly shooting attack in november 2009. major nadal hassan is accused of killing 13 people and wounding dozens of others. pete williams has the latest from washington now. pete, what do you know about this arrest of the private? >> reporter: right. well, good afternoon. you saw killeen, texas on that map. that's where he was arrested. he's a private first class assigned to fort campbell, but arrested in texas yesterday and according to law enforcement officials, what happened is he went into a gun store in killeen, texas and was asking questions that the gun store owner thought was suspicious. he was also buying smokeless powder which can be used for a variety
of the need for a course correction. but weeks of negotiations have shown his commitment to big government is simply too great to lead to the kind of long-term reforms we need. >> reporter: reid says lawmakers must find a solution. >> we'll stay in session every day, saturday and sunday until congress passes legislation to prevent the united states from defaulting on negotiation. >> reporter: in chicago, key ally expressed support for the mcconnell-reid plan. >> more work to be done. joint committee can tackle it but it's responsible way out of the crisis. >> reporter: lindsey graham favors constitutional amendment but there isn't enough support in the senate. >> we have the people behind us. 72% of the american people want balanced budget. >> reporter: the president called for shared sacrifice. >> i am still pushing for to us achieve a big deal. but what i said to the group is if we can't do the biggest deal possible, then let's still be ambitious. let's still try to at least get a down payment on deficit reduction. >> reporter: but the cochair of the president's own deficit commission ha
's big three credit rating agencies, warned it might have to lower the country's top notch credit rating if lawmakers don't come it an agreement soon on raising the debt ceiling. this a starnlgts moodeddy's said its action was prompted by the possibility that the debt limit will not be raised in time to prevent a missed payment on u.s. bonds with a small but rising risk of a short-lived default. economists say if the aaa rating is lowered, it would throw the financial markets in to chaos and the cost of were rowing would go up for everything from mortgages to car loans. federal reserve chairman ben bernanke warned -- >> i think the worst outcome is that at some point, you know, we default on the debt and that would creates a i said before a huge financial calamity. >> reporter: sources say the president knew about the moody's warning as he headeded in to wednesday's meet which go all sides have described as very tense. republican majority leader eric cantor quoted the president as saying, i have reached the point where i say enough. would ronald reagan be sitting here? i've reached my li
. >> thank you. >>> speaking boehner balks as a big deal, but tonight's white house meeting is still on. today, the debt deal in pairil. and then the economy in 2012 with presidential candidate, rick santorum. >>> i am candy crowley, and this is "state of the union." hoped for a grand debt deal got buried last night in a blizzard of status quo rhetoric. the white house will not pursue a bigger debt reduction agreement without tax hikes. i think the best approach may be in producing a smaller measure. and dan pfeiffer responded, we cannot ask the middle class and seniors to bear all the costs and budget cuts. >>> joining me now, house republican whip, kevin mccarthy of california. if i am out there listening to all of this, i want to stan gul awful you. why can you not get this deal? it looks like a bargaining ploy? >> i don't think so. you would not increase taxes on the small business, which is what the president wants to do. you had an negotiation with cantor and kyl and biden. so what he's saying, let's go there, there's no taxes, and there are cuts right there, but why don't you als
rchts good wepz, everybody. i'm contessa brewer covering the big news coast to coast. the big story right now the phone hacking scandal in great britain reaches the highest echelons of government. with prime minister david cameron facing cheers and jeers in an uncommon emergency session of the house of commons. >> i have an old fashioned view about innocent until proven guilty. >> prime minister david cameron addressing the house of commons. >> if it turns out andy coulson knew about the hacking at the news of the world he will not only have lied to me, but he would have lied to the police, to a select committee torque the press complaints commission, and of course, perjured himself in a court of law. >> former news of the world ed tore andy coulson was until january cameron's communications director. >> with 20/20 hindsight and all that has followed i would not have offered him the job and i expect that he wouldn't have taken it. >> coulson was arrested this month suspected of corruption in the u.s. voice mail hacking and police bribery scandal. >> you live and you learn and believ
's headlines about the campaign's big haul and tell you why we're a tad underwemed. >> >> dyou got to check the sel date, it's wednesday, july 13th, 2013. i'm chuck todd, an unbelievable hump day, feels like it's forever bigger here in washington, where i begin my first read this morning. it's the beginning of the end game for negotiations on the federal debt. with pessimism building that leerds will produce a deal and avoid default mitch mcconnell proposed plan c, a contingency, what i like to call the hail mary punt. he set the stage on the senate floor with this pretty rough attack on the president. >> after years of discussions and months of negotiations, i have little question that as long as this president is in the oval office a real solution is probably unattainable. >> mr. mcconnell said the day i was elected that his job was to try to see me beat. i'll have to explain how it is that we're going to avoid default because i'm going to be president here for at least another year and a half. >> right after that interview, mcconnell unveiled this plan c. he would hand over to the presid
. >>> big news about the debt ceiling talks. we might see a big shift in the negotiations. the president is going to meet with top senate and house leaders and democratic officials tell us he's prepared to put medicare and social security changes on the table. that's a big about face and it drives home the urgency of the debt situation. >> my expectation is that over the next week to two weeks, that congress working with the white house comes up with a deal that solves our deficit, solves our debt problems, and makes sure that our credit is protected. >> obama is hoping that republicans will support some tax increases or the closing of some tax loopholes or credits. that is going to be a hard sell. here's what republican senator rand paul of kentucky told cnn. >> some of the most conservative members of the senate and house will raise the debt ceiling con tint gent on three items. we want significant cuts, stater to caps like pay as you go, and then we want a balanced budget amendment. if we get these, we'll agree to raise the debt ceiling. >> democratic officials say the president wants
the band-aid. eat our peas. >> reporter: of course, taxes remains the big sticking point. the president, though, insisting that nothing would change before 2013 so it would not happen during a difficult economic environment, but house speaker john boehner saying that there's no reason to raise taxes in order to control spending. he believes the best way to get revenue is by improving the overall economy by creating jobs. he says he is willing to get a deal done with democrats and the white house, but, in his words, it takes two to tango and they are not there yet. >> dan lothian at the white house, thanks. >>> the debt crisis overseas sending a chill through wall street this morning. less than half hour before the opening bell, u.s. stocks may be headed for another rough day. ali velshi is joining us live from new york. ali, what does it mean? >> well, you know, first of all, futures seem to be leveling out a little bit, kyra. a couple of things going on here. one as dan was just saying, we just heard from the treasury secretary who is making a speech and he says he is expecting a deal
's right. you know, the big point of contention yesterday was with house majority leader eric cantor pushing for this short-term deal or a series of short-term deals. the president, according to democratic sources familiar with the talks, made it clear that that is something he does not support and something he would veto. the president has, for the last few days, and certainly weeks as well, been pushing for the biggest deal possible where it it seemed to get some support. of late, it has not. the president believing if you start talking about the short-term deals, you run into the political season where you negotiate the things all over again. if you can't get this done now, how will you get this done in the thick of the political season? tense discussions yesterday. the president agitated and believing that republicans are using the debt talks to make political points. the president making the point, according to those inside the meeting, that this kind of atmosphere just confirms some of the worst fears that americans have about the way washington works. >> well, yeah. the way wa
have a big jump in revenue. obama has been saying let's thai the bush tax cuts are going to lapse and we are going to extend the ones for the middle class. republicans are afraid to let him do that up front. it would kill momentum for a tax reform. >> but, but, but why just get rid of the bush tax cuts. if they are so awful, why not get rid of all of them. get rid of all of them for everybody. if tax cuts are the worst thing ever, the bush tax cuts, get rid of the bush tax cuts for everybody and raise billions in revenue. >> right. i think we could probably figure it out sitting around the table. i don't think it's that difficult. they are locked in in political terms. it's a much different issue to them. you can make rational compromises and deals here. the problem is, how do they do it. what's happening is they are at the point where they realize the consequences. at some point, they realize they have to do something other than hold the ground saying this is it. we're not going to change anything. we are at that point and we have little time to work with. >> howard dean, look wh
this. every two years we jockey for the next election. we never make long, hard term decisions. the big deal they're talking about cutting spending over the next ten years still adds $6 trillion to the debt so the real deal to limit spending and get us in balance would be an amendment to our constitution. without that, we're just going to talk to each other and run america into the ground. >> let me ask you about the so-called mcconnell/reid plan, which is not, as i understand it, completely put together yet. but it would allow the president to to raise the debt ceiling in three increments between now and the end of next year, perhaps with some spending cuts attached. as a last resort, would you vote for that in order to avoid the -- >> i'm sticking with the -- i don't have any confidence that anything that republican or democratic leaders is going to lead to the solutions that we need. it never has in the past. i'm looking for a win/win. i'm looking for a way to raise the debt ceiling and we need to, but we need to address fundamentally what got us into debt. cut, cap, and balance gets
in iowa. she basically kicked off her bus tour in iowa today. so this is going to be a big deal for her and her supporters who are here. and later she's going to be going to an iowa cubs baseball game and talk to supporters and voters there as well. >> so she's on a bus tour, is it all iowa all the time this weekend? where is she going? apparently shannon can't hear me, we'll get back to shannon travis, he's reporteding for us live in iowa. >>> a political note for you, the presidential seal fell off the white house limousine this weekend while he was on his way to the airport. a philly police officer found the seal alongside route 76, he returned to the secret schlts. >>> closing arguments set to begin tomorrow in the murder case that has millions watching. what you can expect. the lawyers to say and what our legal expert thinks of the verdicts, we'll have that for you straight ahead. >>> also more on dominique strauss-kahn and the case against him that seems to be unraveling. is he a guilty man or is he a victim here? we're asking our expert. >>> and the royal wedding that took place
at this hour? that is the big question that people want the answer to. the lawyers were successful disguising where she went in the overnight hours. even the press not able to keep up with her. cameras shooting this video of casey anthony walking out of the front doors of the orange county jail at 12:11. wearing pink me low shirt, hair in a bun and the primary defense attorney jose baez right by her side. they got in a motorcade, a gray suburban, a cream colored tahoe and white follow-car and drove directly from the location to a bank of of america building in downtown orlando, not far from here, where her other attorney has an office. they went in covered parking garage and pulled a bait and switch. the suv never emerged from the parking garage, but others cars did and it's not clear which one that casey anthony was in. we can tell you around the same time there was police activity across town at a private airport. a private plane was fuelled up and ready to go on the runway, but nobody saw casey anthony boarding the aircraft. officials telling us it was scheduled to carry golfers vacationin
. >> the proposal would have budget sate h savings of $500 million. -- $500 billion. also it calls for big changes to medicare and social security. >> i think at the end of the day, what the overwhelming majority of americans are saying, fix this. and if it takes a little compromise from both. >> but the is plan faces a harsh reality. tough procedural obstacles means the proposal won't be ready ahead of the august 2 debt ceiling deadline. and a key block of conservatives is already saying no way. >> we know it's going to hurt job creation. we know it's bad for small businesses. we're not going to go for this type of plan. >> with time running out, harry reid, who is still work on a fall back plan with mitch mcconnell says he's now waiting for a signal from house gop leaders. >> we have a plan to go forward over here, but until we hear from the house of representatives, we really are -- all of our work here would be for not. >> now there is also talk of folding elements of the gang of six plan into this so-called fallback plan being worked out between senators reid and senator mitch mcconnell. but
like to say as well just how sorry i am. >> my big question today, will one of the murdochs take the fall for the phone hacking scandal? of course you can reach me on facebook and twitter. to answer that question, let's bring in a reporter for "the washington post" style section. it's good to see you today, paul. what do you think? do you think that we're going to see either rupert or james take the fall? >> at this point barring any other revelations that's a big if i don't think so. the murdoch family controls about 40% of news corp. it has the board pretty much in its pocket. unlikely that they will be forced to resign as a result of this. in the absence of anything else happening. >> his board of directors whose responsibility has been to shareholders has been rather meek and silence on this scandal. now you have a director, tom perkins telling "the wall street journal" that rupert's a genius that and that the board thinks it needs him. how crucial is rupert to the future success of the company? >> well, rupert murdoch built news corp. from a single newspaper in australia in
't get licensing for all sorts of things like fishing and what not be, and it's a big recreational state. it cost the state millions in be lost revenue from lottery sales, tax audits, park fees and licensing fees, so on and so forth, but now they can go ahead. some state officials now saying, though, it may take some time to get programs back up and running so they can be moneymakers again for the state. and those 22,000 state employees can go back to work, but it's kind of a phase-in situation. so the big headline in all of this is the longest-running state shutdown in a decade in this country now has come to a close with the governor making an agreement with leading republicans in the state of minnesota. now back to you guys. jenna: hi, everybody, so glad you're joining us today, i'm jenna lee. jon: and i'm jon scott. we are here in the fox newsroom and "happening now," brand new numbers in the race for the white house. "the wall street journal" poll shows tea party favorite michele bachmann is surging. jenna: she's not the national leader, though, that title goes to mitt romney. jon:
think speaker boehner has been very sincere about trying to do something big. i think he'd like to do something big. his politics within his caucus are very difficult. >> well, here's what he means. in a new poll, we see the complicated political caucus they are dealing with. the number of americans who are very concerned about default has ticked up seven points in the last two months. then it was just 35% believe not raising the limit and risking default was worse than raising it and potentially spurring more spending. now 42% see greater risk in a potential default, 47% are more concerned about lifting the limit but the gap has narrowed. that gets you talking about the education of the public in the last two months. look at the republican side. the folks who have been more engaged in this debate since the outset, the numbers have only hardened. 66% of republicans are more concerned with raising the debt limit compared to 60% in may. that number rises to 75% among republicans who identify with the tea party. so this is the issue. and speaker boehner has said he would only raise the d
a big quarter from team obama. fundraisers are predict they will bring in more than the record breaking that george bush raked in in 2003. the campaign tweeted add midnight, we're closing the books on the first chapter of the campaign with 493,697 donors. what does that mean? if he averages $200 a donor, he's going to be at awfully close to $100 million. obama did average $200 a donor the first two quarters as a candidate. campaign keeps pushing back on that. but do the math. in our look at all things independent. in battle ground states and emerging battleground states, the independent share of the voters equal to the two major parties or ahead, all courtesy of a book called how barack obama won, some guy here may have co-authored. in iowa and texas, 21%. in montana, 35%. 45% in new hampshire. bottom line is this, we know elections are won in the middle. wept strong for obama in '08. but the big question is there such a vacuum in the middle that somebody tries to fill it from the outside? we're going to talk about that later today. as bloomberg was first to reported, tim geithner has s
house back to the table, back to talking about something big. now, look, we still got a long ways to go. it's a weekend of sales jobs going on right now that actually began last night when the president had the congressional democratic leadership over to start talking turkey. so that brings us to the other sticking point, the actual substance. everybody has to figure out what to cut. this isn't going to be as easy as folks think and both sides are moving toward a deal that would include a trigger to assure mutually destructive politically when it comes to the two big items being kicked to committees or joint committees and that's still being figured out, tax and entitlements. one incentive plan would kill bush tax cuts for the rich and key portions of the new health care law if somehow the reforms for the tax code and social security and medicare weren't agreed to and implemented by january 1st, 2013. the question is, is the penalty on the bush tax cuts sort of the idea that you're kicking this down, is that going to be enough to assuage some democrats who believe there's too many cuts
this thing started last sunday. as you say, the president has said he wants this big deal, but this thing broke up today. the meeting ended with the president telling these leader toss go back to their members and ask them what do they think can pass and then report back to the president with something that they believe can pass by this saturday morning. they're not even having a meeting tomorrow. now, despite all that, i am told by my sources that there's not a lot of optimism that this particular negotiating process here at the white house is going to actually end up lead together real deal, and a lot of effort and attention is now turning to a different process that's happening in the u.s. senate and another all the ate deal that's being worked out between the two senate leaders that could instead end up raising the debt ceiling. a lot of hope is centered there, anderson. >> basically what is that deal, that negotiation based on? harry reid and mitch mcconnell? >> reid-mcconnell deal. it would effectively raise the debt ceiling in a negative vote which would allow for spending cuts tha
, this backup plan could be left as the last option standing. but the big question is always, wolf, will it pass the house? can it pass the house? and this seems to be another example of just how divided the republican party is on this issue. >> yeah, it's a huge, huge division right now. going forward, this debate, we'll see what happens. kate, thanks very much. let's check in with jack right now. he's got the "cafferty file." >> despite that nasty game of chicken going on in washington over raising the debt ceiling. congressional leaders in both parties pretty much agree that doing it is going to be necessary. the argument is over what else goes into the bill that's tying them up and bringing the country dangerously close to defaulting on some of our loans. according to a new poll, 40% do not want the debt ceiling raised and they want their members of congress to vote against any measures that raise it. only 22% want their lawmakers to vote for raising the debt ceiling. and more than 1/3 of americans say they're just not sure. when asked which is a greater concern, 51% say raising the debt cei
. republican congresswoman michele bachmann is in iowa, home to the iowa caucuses. the first big election event in 2012. cnn's shannon travis is the only reporter to speak with bachmann today, and he asked her why iowa is so important. >> iowa's the first in the nation. it's very important to be here and have a presence here because the values and the opinions that people have in iowa count. they count for the nation. so it's important that we come here. had is the bread basket of the world for a reason. this is where the food is grown, we have the best farmers in the world here in iowa. so it's important to come and listen to what people have to say in iowa and take that message back to washington, d.c. >> michele bachmann has been on a roll recently joining mitt romney in a recent iowa poll. she officially kicked off her campaign in iowa last month. >>> 4th of july celebrations in minnesota have been scaled down for this weekend. state parks, the state zoo, even race tracks are all closed right now. a budget stalemate has shut down almost all of minnesota's state business. closed signs went u
out the president has a big birthday bash scheduled for august 3rd, celebrities flying in from all over. and lo and behold, august 2nd is the deadline for getting something done so that he can have this massive -- maybe the biggest fundraising dinner in history for a birthday celebration. >> and here's iowa congressman steve king. >> it's not default. they've been calling it default to try to stampede people into taking a bad deal here in this congress. the american people understand this. they understand at least intuitively that it would be the president who would willfully default if there's to be a default. i'd like to think the investor markets understand that, too. >> keeping them honest, there's little reason to think that's true. and plenty of people in the gop establishment and the business community sending up warning flairs. officials at the bond rating company standard & poors today briefing freshman republicans about what might happen. political reporting tonight they were cautioned that one possibility is "a death spiral in the bond market". s & p is already on record
is the big bad government is a threat to us. the consumer protection bureau as most americans understand is the government protecting them from abuse by private financial institutions. and they are terrified that the public will see that there is value to a public institution that can prevent them from being abused by private institutions because it undercuts the whole rationale that the government is always bad, always a problem. and that's why we are fighting so hard for it. >> congressman barney frank, democrat of massachusetts, ranking democrat on the financial committee. thank you for your time tonight. >>> texas governor, and gonna run for president guy, rick perry made a very surprising decision today that is going to upset some of his most ardent supporters. i'll tell you about it with a smile when i come back. k of pos. in here, the planned combination of at&t and t-mobile would deliver our next generation mobile broadband experience to 55 million more americans, many in small towns and rural communities, giving them a new choice. we'll deliver better service, with thousands of
of those things they promisedprom s promised,ilities it's big. jane, do you agree? you have been covering it since the beginning and you have been there the last couple weeks up close and personal. >> they can get in something that is based on a reasonable inference. i think that's going topy a source of contention. i think you're going to hear a lot of objection from the prosecution tomorrow because jose jose jose baez has a reputation of trying to sneak things in and he asks kwegings that are going to be objected to. but the rules are you cannot discuss rules not talked about in evident. he shoobt be able to say that little caylee drowned in the pool in opening statements, but he could saythenings like we saw evidence that she was capable of getting into the pool herself, and cindy testified that she believed that the ladder was left in a position that would allow her to go in and drown accidentally. the devil is in the details. it's going to be a lot of nuance and a lot of debate. >> drew, as a reporter and an observer, as you're watching the faces of the people on the jury, she's sayi
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